Public-domain · open source
OpenJurist

Mo. Rev. Stat. § 456.041

Unclaimed property — liability of trustee

Known as the Missouri Uniform Powers of Appointment Act

The act spans §§ 456–456 (57 sections).

Effective: 28 Aug 2004; (L. 1983 H.B. 117, A.L. 2004 H.B. 1511)

1. The payment or delivery of such unclaimed property to the state treasurer by the trustee shall terminate any legal relationship between the trustee and beneficiary or apparent beneficiary to receive such property and shall release and discharge the trustee from any and all liability to such beneficiary, his heirs, personal representatives, successors and assigns by such payment or delivery, regardless of whether such property is in fact or in law unclaimed property.

2. Such payment or delivery may be pleaded as a bar to recovery and shall be a defense in any suit or action brought by the apparent owner, or his heirs, personal representatives, successors or assigns, or any claimant against the trustee by reason of the delivery of payment.

Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.